[ad_1]
Israel-based financial services firm GMT has joined Ripple's bank and payment provider network.
The result of a "long and precise process", "the move reportedly will help the company remain" at the forefront "of the local finance industry.
Ripple, which operates blockchain-based financial products using its XRP token, has been partnering with multiple financial institutions and banks in recent years.
Ripple's representative in Israel, by so joining Ripple, and its partners, in creating a global financial system, with high-end technology and values such as; [sic] transparency and affordable costs, "GMT's statement reads.
In a private statement to Cointelegraph, Ripple representative said that they can "confirm that [GMT is] to Ripple customer, similar to the 100+ customers on RippleNet. "
Ripple's partners currently includes MoneyGram, American Express and Japan's SBI Group, among others.
Remittances have formed a central area of interest for new partners. This month, the United Arab Emirates' UAE Exchange partnered with the blockchain to set up a payment corridor to Asia.
Earlier this month, enterprise blockchain consortium R3 chose XRP as the first cryptocurrency in its new universal payments decentralized application (DApp).
Ripple has meanwhile faced mixed publicity over its corporate structure, with criticism coming from the conflicting accounts about its relationship with XRP.
XRP is currently almost 3 percent on the day to press time, trading at $ 0.33.
[ad_2]Source link
